Shares of Value Line, Inc. (NASDAQ:VALU - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.17 and traded as low as $37.33. Value Line shares last traded at $38.39, with a volume of 1,951 shares trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded Value Line from a "buy" rating to a "hold" rating in a report on Thursday, February 27th.
Read Our Latest Report on VALU
Value Line Price Performance
The firm has a fifty day moving average of $39.29 and a two-hundred day moving average of $42.17. The stock has a market capitalization of $361.25 million, a P/E ratio of 16.84 and a beta of 1.07.
Value Line Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, April 28th were paid a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 3.39%. The ex-dividend date was Monday, April 28th. This is a positive change from Value Line's previous quarterly dividend of $0.30. Value Line's payout ratio is 57.02%.
Hedge Funds Weigh In On Value Line
Several institutional investors and hedge funds have recently added to or reduced their stakes in VALU. Cloud Capital Management LLC purchased a new position in Value Line in the first quarter valued at about $127,000. Auxier Asset Management acquired a new position in Value Line in the fourth quarter valued at approximately $224,000. JPMorgan Chase & Co. lifted its holdings in Value Line by 180.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,382 shares of the financial services provider's stock valued at $231,000 after acquiring an additional 2,819 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Value Line in the fourth quarter valued at approximately $311,000. Finally, Strs Ohio acquired a new position in Value Line in the first quarter valued at approximately $356,000. Hedge funds and other institutional investors own 6.26% of the company's stock.
About Value Line
(
Get Free Report)
Value Line, Inc produces and sells investment periodicals and related publications. Its investment periodicals and related publications cover a range of investments, including stocks, mutual funds, exchange traded funds (ETFs), and options. The company's research services include The Value Line Investment Survey, The Value Line Investment Survey - Small and Mid-Cap, The Value Line 600, and The Value Line Fund Advisor Plus that provide statistical and text coverage of various investment securities, with an emphasis placed on its proprietary research, analysis, and statistical ranks.
See Also
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